Top Forex News

Live Forex news from all over the world.

    Archives

South Korean Won KRW

 

Detailed information and fundamental factors

Central Bank: Bank of Korea

Public Debt to GDP Ratio, 2015: 34.9%

Trade Balance, 2015: $104.7 bln.

Inflation, 2015: 0.7%

Sovereign Credit Ratings:

Fitch
AA-
Stable
Moody's
Aa2
Stable
S&P
AA
Stable

Supporting Factors

Major industrial exporter

medium

High-yielding interest rates

weak

Factors of Weakness

Military instability on the Korean peninsula

Currency manipulation in favor of country's exporters

medium

The South Korean won is the currency officially used in South Korea. It was introduced in 1962 and allowed to float freely in 1997.



South Korean Won News Archive

South Korean Goes Down as Geopolitical Tensions Continue to Mount

The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood.

South Korean Won Avoids Losses

Mixed economic data from China hurt some of Asian currencies, but many of them managed to rise above the opening level by now, and the South Korean won was among them.

South Korean Won Gains on US Dollar, Ignoring Negative Fundamentals

The South Korean won gained against the vulnerable US dollar today even though fundamentals were not supportive to the Asian currency.

South Korean Won Falls During Thursday’s Trading

The South Korean won fell against the US dollar today as the surprise monetary easing from the central bank of Singapore hurt Asian currencies in general while political turmoil in South Korea was hurting the won in particular.

South Korean Won Gains on Dollar & Euro

The South Korean won gained against the US dollar and the euro during the current trading session with the help of domestic fundamentals that were relatively supportive to the currency.

Won Gains Even as Bank of Korea Cuts Base Rate

The South Korean won rallied today even though the nation’s central bank cut its Base Rate unexpectedly. The most likely reason for the rally was the weakness of the US dollar, though the won gained versus the euro as well.

Won Drops vs. Dollar, Domestic Fundamentals Remain Supportive

The South Korean won dipped today against the dollar as the US currency was propelled higher by positive economic data from the United States. Reports from South Korea itself were not bad either and may yet provide support for the won.

South Korean Won Retreats from Two-Week High

The South Korean won fell against the US dollar, following the rally to the two-week high, as the market sentiment was risk-negative and data from the United States boosted the greenback.

South Korean Won Joins Rally After China’s Data

Today’s trade data from China helped many currencies of emerging markets, especially Asian ones. The South Korean won was among winners, rising against the US dollar, which continues to struggle after it has halted its rally.

South Korean Won Advances with Help from Chinese Data

The South Korean won rose together with other Asian currencies today with help of positive macroeconomic data from China, which made investors look more favorably on the currencies of emerging markets that are often associated with risk.

Navigation

Menu